BC home sales fall in July
“Seasonally adjusted sales activity rose from the previous month across most of BC, while weaknesses remained concentrated in the Lower Mainland,” said Brendon Ogmundson, chief economist at the British Columbia Real Estate Association.
“Looking ahead, resilience in the economy and a recovering labour market should translate to regional markets converging to long-term averages over the next year.”
The BCREA’s second-quarter housing forecast, released in April 2026, projected MLS residential sales province-wide would fall 2.1% to 68,700 units this year before climbing 7.7% in 2027.
Brokers tracking BC’s housing market and what it means for mortgage demand will find the Interior’s relative strength offering a different conversation with clients than what the provincial figures imply.
| Board | Avg. price ($) | Unit sales |
|---|---|---|
| BC Northern | $469,047-0.5% | 447-0.2% |
| Chilliwack | $768,129+1.7% | 181-14.2% |
| Fraser Valley | $964,108-5.8% | 1,025-7.3% |
| Greater Vancouver | $1,213,589-2.2% | 2,061-9.4% |
| Okanagan | $806,810+8.2% | 872-5.2% |
| Kamloops | $641,920+2.2% | 254-1.6% |
| Kootenay | $612,160+4.2% | 318+2.6% |
| South Peace River | $351,702+9.5% | 53+26.2% |
| Powell River | $597,852-25.4% | 23-14.8% |
| Vancouver Island | $770,386-0.2% | 685-12.4% |
| Victoria | $996,510+3.1% | 642-1.7% |
| British Columbia | $929,619-1.3% | 6,561-6.7% |
Source: British Columbia Real Estate Association (BCREA), MLS® Systems, July 2026. Year-over-year % change shown in italics. Figures are for residential unit sales and average MLS® residential price.
What the split market means for brokers
The divergence is not new, but it is deepening. Kyle Green, a Vancouver-based broker who spoke to Canadian Mortgage Professional in May, noted the city was likely heading for a split second half, with detached properties and townhomes finding a floor while the condo market remained under pressure.
